Bursa Malaysia Opens Higher, Retreats Amid Cautious Sentiment

KUALA LUMPUR, Aug 4 (Bernama) -- Bursa Malaysia opened higher on Tuesday but subsequently retreated as investors remained cautious amid persistent uncertainties in global markets, an analyst said.

Ringgit Opens Higher Against Major Currencies, Nearly Unchanged Against US Dollar

KUALA LUMPUR, Aug 4 (Bernama) -- The ringgit opened higher against other major currencies and was almost unchanged versus the US dollar on Tuesday following the release of the US Institute for Supply Management (ISM) Manufacturing PMI data.

Oil Price Decline May Be Temporary Amid Uncertainty Over US-Iran Talks -- Economist

By Abdul Hamid A Rahman

KUALA LUMPUR, Aug 3 (Bernama) -- The sharp decline in global crude oil prices today may be temporary, as market sentiment remains highly sensitive to developments surrounding the proposed talks between the United States and Iran, an economist said.

Ringgit Ends Lower Against US Dollar, Major Currencies As US Treasury Yields Rise

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Aug 3 (Bernama) -- The ringgit ended lower against the greenback and other major currencies on Monday, pressured by rising United States Treasury yields and renewed uncertainty over the path of US monetary policy.

Malaysia's Economic Growth May Exceed 5.0 Pct In 2026 - Analysts

KUALA LUMPUR, Aug 3 (Bernama) -- Malaysia's economy could record another year of growth exceeding 5.0 per cent, supported by robust exports and resilient domestic spending, said MBSB Investment Bank Bhd.

Bursa Malaysia Ends Slightly Higher On Late Buying In Selected Heavyweights

By Engku Shariful Azni Engku Ab Latif & Karina Imran

KUALA LUMPUR, Aug 3 (Bernama) -- Bursa Malaysia ended marginally higher on Monday supported by late buying in selected large-cap stocks amid improving investor sentiment, despite lingering geopolitical uncertainties, an analyst said.

JS-SEZ Investment Blueprint Expected To Be Unveiled By Year-end - RHB IB

KUALA LUMPUR, Aug 3 (Bernama) -- The federal government is expected to unveil the Johor-Singapore Special Economic Zone (JS-SEZ) Investment Blueprint and Master Plan by the end of the year, said RHB Investment Bank Bhd (RHB IB).

Bursa Malaysia Stays Lower At Mid-Afternoon

KUALA LUMPUR, Aug 3 (Bernama) -- Bursa Malaysia remained lower at mid-afternoon, weighed down by mild selling in selected heavyweights, said an analyst.

At 3.01 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.73 points to 1,722.17 from last Friday’s close of 1,724.90.

The benchmark index opened 0.36 of a point higher at 1,725.26.

Maybank To Fully Own Maybank Ageas Holdings In RM4.83 Bln Deal

KUALA LUMPUR, Aug 3 (Bernama) -- Malayan Banking Bhd (Maybank) has entered into an Implementation Agreement (IA) with Ageas Insurance International NV (Ageas) to acquire the remaining 30.95 per cent stake in Maybank Ageas Holdings Bhd (MAHB) for RM4.83 billion, paving the way for full ownership of the insurance and takaful holding company.

Bursa Malaysia Lower At Midday Due To Profit-Taking

KUALA LUMPUR, Aug 3 (Bernama) -- Bursa Malaysia was lower at midday due to profit-taking in selected heavyweights led by Petronas Chemicals, CelcomDigi and Tenaga Nasional, which was in line with the weakness in most regional peers despite news of a resumption of West Asia peace talks.

Bursa Malaysia Eases Further At Mid-morning

KUALA LUMPUR, Aug 3 (Bernama) -- Bursa Malaysia eased further in line with regional markets at mid-morning amid the latest developments in the West Asia conflict.

At 11.01 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.94 point lower to 1,723.96 from last Friday’s close of 1,724.90.

The benchmark index opened 0.36 point higher at 1,725.26.

MBSB Bank-Huawei Technologies In RM400 Mln Financing To Support 5G Infrastructure

KUALA LUMPUR, Aug 3 (Bernama) -- MBSB Bank Bhd has entered into a RM400 million structured receivable purchase facility with Huawei Technologies (Malaysia) Sdn Bhd, supporting the deployment of equipment and services for U Mobile’s 5G Radio Access Network.